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INVESTING
AUGUST 05, 2020
Disney Fiscal Third Quarter Results, Shares Rise 5%
Disney Segments’ Performance in the Third QuarterMedia Networks$6.56 billion down 2%Park, Experiences, and Products$983 million, down 85%Studio Entertainment$1.74 billion, down 55%Direct-to-Consumer...
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BUSINESS
AUGUST 05, 2020
Square (SQ) Fiscal Second Quarter Earnings, Stock Surges
Square (SQ) posted its fiscal second-quarter results on Tuesday. Following the announcement of its better-than-expected quarterly earnings results, shares of the company soared as high as 11% in after...
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EDITORS PICK
AUGUST 04, 2020
Lowe’s Donates $30 Million in Grants to Support Minority Businesses Affected by the Covid-19
Home improvement giant, Lowe’s announced on Monday that minority business owners could access emergency relief grants within a range of $5,000 to $20,000. Applications were accepted through until 11...
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INVESTING
AUGUST 04, 2020
Amazon to Buy 16% Stake in Food Delivery Company Deliveroo
Amazon is set to buy a 16% minority stake in U.K. food delivery firm Deliveroo after the company was given approval. Before the approval was granted both companies were caught in a long drag convincin...
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EDITORS PICK
AUGUST 04, 2020
About 30 people confirmed dead with more than 2500 injured in Beirut, Lebanon explosion
There was a massive explosion in Beirut, Lebanon today and it killed more than 30 people, along with over 2500 + people injured. Beirut’s explosion is one of the deadliest that Lebanon h...
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STOCK SPINOFF
AUGUST 04, 2020
Pfizer Spinoff Cerevel to Merge with Another Company to Raise $445 Million Funds
The Boston-based biotech firm, Cerevel Therapeutics, which spun out of Pfizer in 2018 has announced that it will go into a merger with another company, and also go public.The merger deal was announced...
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STOCK SPINOFF
AUGUST 04, 2020
Smith & Wesson Brands, Inc. To Spinoff American Outdoor Brands, Inc.
One of the world’s leading firearms and accessories provider, Smith & Wesson announced on Friday that its board of directors had approved the spinoff of its outdoor products and accessories busi...
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STOCK SPINOFF
AUGUST 03, 2020
Alfa Spins off Rest of Nemak Stake
Mexico City-based Alfa (ALFAA.MX) announced on Friday that will spin off the remaining of its 75% stake in Nemak (NEMAKA.MX), which caused the company's stock to surge 17%. Stakeholders are currently ...
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INVESTING
AUGUST 03, 2020
Shell’s Second Quarter Earnings Result
The Royal Dutch Shell reported its second-quarter earnings result on Thursday. The oil company saw a sharp drop in net profit for the three-month period which ended in June. The last three months have...
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INVESTING
AUGUST 03, 2020
Nvidia Plans to Buy Chip Designer ARM Ltd.
Nvidia (NVDA) has announced its intention to buy chip designer ARM Ltd. from Softbank. Based on the reports that came in from Bloomberg News, there is a possibility of the deal reaching a conclusion w...